AT&T Inc. (NYSE:T) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC lowered its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,170 shares of the technology company's stock after selling 11,622 shares during the quarter. AT&T comprises about 0.7% of HBW Advisory Services LLC's holdings, making the stock its 24th largest position. HBW Advisory Services LLC's holdings in AT&T were worth $5,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in AT&T in the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC purchased a new position in AT&T in the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new stake in AT&T in the fourth quarter valued at $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth $28,000. Finally, Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Up 1.4%

Shares of NYSE T traded up $0.40 on Thursday, reaching $27.76. 28,415,037 shares of the company traded hands, compared to its average volume of 36,671,178. The stock has a market capitalization of $199.72 billion, a PE ratio of 18.63, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $27.34 and a 200 day moving average of $25.38.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Royal Bank of Canada raised their price objective on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Finally, Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.